Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2557 South Ave Wappingers Falls, NY 12590

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Commercial Land, Investment Opportunity

    Property size:
    4,300 SF

    Property Features for 2557 South Ave

    General Information

    Property type
    Land
    Square Feet
    4,300 SF

    We can help!

    Listing Contact
    Justina Martins
    Justina Martins

    Listing Agency: CENTURY 21 DAWNS GOLD REALTY Listing Agent: Justina Martins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial property, located at 2557 South Ave in Wappingers Falls, NY 12590, presents a compelling investment opportunity. The 4,300 square foot lot is zoned for special purpose use and currently features a mixed-use building. The existing structure comprises three units: a restaurant/bar and two apartments, offering diverse income streams. The property boasts convenient parking, accommodating three vehicles to the side, and additional parking spaces are available in the driveway in front of the building. Situated in the Village of Wappingers Falls, this location offers excellent visibility and accessibility. The asking price for this unique property is $699,000. This presents a rare chance to acquire a well-positioned commercial property with significant potential for growth and return on investment. The property's versatile nature allows for a variety of future development possibilities, making it an attractive option for both seasoned investors and those seeking a new venture. Detailed information on zoning and permitted uses is readily available upon request. Don't miss this chance to secure a prime commercial property in a thriving New York community. Serious inquiries only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wappingers Falls
    County
    Dutchess
    State
    New York
    Longitude
    -73.9199902
    Latitude
    41.5921368

    Nearby Similar for Sale

    • $560,000
      Pending

      Two-Family Investment Property with Garage

      Two-family property in Wappingers Falls with a detached three-car garage.
      2574-2576 South Ave, Wappingers Falls, NY 12590
      View Details
    • $635,000
      Pending

      Wappingers Falls Triplex Investment Opportunity

      Well-maintained three-unit property in the heart of Wappingers Falls.
      27 Mill St, Wappingers Falls, NY 12590
      View Details
    • $2,900,000
      Pending

      Wappingers Falls Retail Building

      Well-maintained retail building on a bustling commercial corridor.
      1676 Route 9, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      25,340 SF

      Wappingers Falls Storage Investment Opportunity

      Self-storage facility with expansion potential in a prime location.
      1190 Route 9, Wappingers Falls, NY 12590
      View Details
    • $650,000

      Wappingers Falls Specialty Property

      Specialty property available for sale in Wappingers Falls.
      47 Main St, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      22,255 SF

      Stabilized Self-Storage Facility on Route 9

      Value-add self-storage facility in Wappingers Falls, NY, 99% occupied.
      1190 S 9, Wappingers Falls, NY 12590
      View Details
    • $550,000

      Wappingers Falls Commercial Property

      Commercial property available in Wappingers Falls, New York.
      2647 E Main St, Wappingers Falls, NY 12590
      View Details
    • $149,000

      Profitable Restaurant in Wappingers Falls

      Award-winning Mexican restaurant for sale in Wappingers Falls.
      1571 1557, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      4,364 SF

      Professional Office Building For Sale

      Professional office building for sale in Wappingers Falls, NY.
      60-62 E Main St, Wappingers Falls, NY 12590
      View Details
    • $699,000
      4,300 SF

      Wappingers Falls Commercial Building For Sale

      Commercial building with restaurant/bar and apartments in Wappingers Falls.
      2555-2557 South Ave, Wappingers Falls, NY 12590
      View Details
    • $295,000

      Turn-Key Business on Route 9

      Fully operational grocery, deli, and restaurant business in Wappingers Falls.
      1554-1556 Route 9, Wappingers Falls, NY 12590
      View Details
    • $379,900

      Wappingers Falls Multifamily Investment Opportunity

      Multifamily property in Wappingers Falls with reliable cashflow and lake views.
      2734 W Main St, Wappingers Falls, NY 12590
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Investment Opportunity
    Where is this land located?
    The property is located at 2557 South Ave Wappingers Falls, NY.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: $699,000 asking price.; 4,300 square foot lot.; Special purpose commercial land.
    (914) 490-3792 Call to check price and availability
    Request Owner's contact information
    2557 South Ave Wappingers Falls, NY 12590
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2557 South Ave
    Wappingers Falls, NY 12590
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2557 South Ave Wappingers Falls, NY 12590
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justina Martins
    Justina Martins
    (914) 490-3792 (914) 963-0300 (914) 793-8800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!